Interactuar
Colombia
Interactuar is a Social Development Corporation. In 27 years, Interactuar’s mission has been to promote the creation & consolidation of more than 200,000 microbusinesses in the department of Antioquia, through the provision of a wide variety of microfinance & business development services for low income populations. Through these businesses, new employment opportunities were created & hope aroused in families who initially thought they could never make ends meet.
This model has brought significant results in Medellin & in the metropolitan area but also attended the needs of microentrepreneurs in 47 other cities in the Antioquia department. Interactuar offers financial services & also business development services.
Financial services include microloans ranging from 300,000 COP (US$ 160) to 40,000,000 (US$ 21.500), with loan term from 3 to 36 months. Microloans target the following areas:
- Working capital
- Fixed assets
- Business creation
- Loans to access Interactuar’s services
- Life insurance
- Compensation for accidental deaths
- Permanent & total physical disabilities
- Accidental dismemberments
- Upper & lower limbs fractures
- Second & third degree burns
- Fire hazards, lightning strikes & explosions
- Earthquakes, avalanches, landslides & floods
- Riots, protests & strikes
- Third parties or terrorists’ malicious acts
FOODS
- Bakery
- Meat
- Dairy products
- Fruits & Vegetable processing
PRODUCTION
Interactuar trains & certifies according to international standards highly efficient & productive work force. Interactuar’s program includes training for the microentrepreneur and his operatives.
BUSINESS TRAINING
Interactuar provides training to develop highly successful businesses. It enables trainees to receive an appropriate preparation & helps them develop their professional network.
SHOPS, MINI MARKETS & SMALL BUSINESSES
Through didactic shops, Interactuar trains shop keepers to systematize their operations & build a more efficient business model.
BEAUTY PARLORS
Interactuar offers theoretic & practical trainings through which microentrepreneurs acquire technical knowledge & abilities that enables them to create their own business in that particular economic sector.
ADMINISTRATION & SYSTEMS MANAGEMENT
Interactuar provides microentrepreneurs tools to be more competitive through the development of their administrative knowledge abilities & skills.
GASTRONOMY, HOTEL BUSINESS & SMALL TOURISM
Interactuar provides microentrepreneurs with a modern Training Center in Gastronomy, Hotel business & Small tourism sectors. This Center simulates real life case studies & is manned with personnel who are able to develop basic to high tech technics. Interactuar provides training courses in order for the microentrepreneur to differentiate his product in a highly competitive environment.
Interactuar has won various awards both at the national & international level:
The Order of Industrial Merit in the category Grand Officer granted by the Colombian President and the Industry & Commerce Minister in 2008.
The award for excellent Business Development Services granted by the Inter-American Development Bank in 2006.
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Dec 16, 2010 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $2,434,250 | $426,910,600 | |
| Amount of Raised Inactive Loans | $550 | $238,825 | |
| Number Of Raised Inactive Loans | 1 | 207 | |
| Amount of Paying Back Loans | $1,501,075 | $94,248,000 | |
| Number Of Paying Back Loans | 1,626 | 101,761 | |
| Amount of Ended Loans | $932,625 | $332,423,775 | |
| Number Of Ended Loans | 1,436 | 435,945 | |
| Delinquency Rate | 1.60% | 1.89% | |
| Amount In Arrears | $16,646 | $1,148,081 | |
| Outstanding Portfolio | $1,038,873 | $60,666,465 | |
| Number of Loans Delinquent | 302 | 8,937 | |
| Default Rate | 0.00% | 0.97% | |
| Amount of Ended Loans Defaulted | $0 | $3,220,059 | |
| Amount of Ended Loans | $932,625 | $332,423,775 | |
| Number Of Ended Loans Defaulted | 0 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.54% | 0.95% | |
| Amount of Refunded Loans | $13,225 | $4,068,925 | |
| Number Of Refunded Loans | 18 | 4,589 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 58.35% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $794 | $407 | |
| Average Individual Loan Size | $794 | $646 | |
| Average Group Loan Size | $0 | $1,744 | |
| Average Number Of Entrepreneurs Per Group | 0 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $6,070 | $3,346 | |
| Average Loan Size / GDP Per Capita (PPP) | 13.09% | 12.17% | |
| Average Time To Fund A Loan | 11.73 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $67.70 | $87.00 | |
| Average Loan Term | 16.9 months | 9.61 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 318 | 203,886 | |
|---|---|---|---|
| Journaling Rate | 23.49% | 39.99% | |
| Average Number Of Comments Per Journal | 0.02 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.02 | 2.72 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 32.90% | 22.20% | 35.13% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 6.8% | 3.2% | -0.15% | |
| Average Loan Size (% of Per Capita Income) | 24.90% | 22.30% | 47.07% |
- Country:
- Colombia
- Capital:
- Bogota
- Official Language:
- Spanish
- Population:
- 45,644,023
- Avg Annual Income:
- $6,070
- Labor Force:
- agriculture: 22.4% industry: 18.8% services: 58.8% (2005 est.)
- Population Below Poverty Line:
- 49.2%
- Literacy Rate:
- 90.4%
- Infant Mortality Rate (per 1000):
- 18.9 deaths
- Life Expectancy:
- 72.81 years
Field Partner Staff
Sara Arango ArroyaveLina María Giraldo Mira
Melissa Grisales Henao
Sindy Cristina Martinez Quintana
Lina Montoya Franco
Maria Cristina Restrepo R
Paul Ricketts
Daniel Velasquez

